GABELLI & Co INVESTMENT ADVISERS INC. Has $12.46 Million Position in United States Steel Co. (NYSE:X)

GABELLI & Co INVESTMENT ADVISERS INC. trimmed its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,690 shares of the basic materials company's stock after selling 30,360 shares during the period. United States Steel comprises about 2.2% of GABELLI & Co INVESTMENT ADVISERS INC.'s portfolio, making the stock its 13th largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.16% of United States Steel worth $12,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after purchasing an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in shares of United States Steel in the 4th quarter valued at $27,000. ORG Wealth Partners LLC acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $30,000. Parkworth Wealth Management Inc. acquired a new position in shares of United States Steel in the fourth quarter worth about $31,000. Finally, Lee Danner & Bass Inc. purchased a new position in United States Steel during the fourth quarter worth approximately $32,000. 81.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on X. Morgan Stanley increased their price target on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 price target (down previously from $43.00) on shares of United States Steel in a research report on Wednesday. Bank of America assumed coverage on United States Steel in a report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. BMO Capital Markets restated a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. Finally, Jefferies Financial Group reduced their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.94.

United States Steel Stock Down 0.7 %

Shares of NYSE X traded down $0.28 during trading on Friday, reaching $41.54. 3,872,737 shares of the stock were exchanged, compared to its average volume of 5,442,286. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $46.18. The business's 50-day moving average price is $40.10 and its 200 day moving average price is $37.78. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. As a group, equities analysts forecast that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's payout ratio is 13.42%.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.